Civic Intelligence

Arrow Creative Inc

990 • Fiscal year 2021 • EIN 81-3045567

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 07, 2022

Organization ProfileWWW.ARROWCREATIVE.ORG
650 New York StMemphis, TN 38104

(901) 340-0529

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.75x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.46x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

19th percentile

-20%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

88th percentile

$33,333

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

71st percentile

27%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

91%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$483,407

Up $103,823 (+27%) from 2020

Net Assets

Down

$119,165

Down $50,710 (-30%) from 2020

Liabilities

Up

$364,242

Up $154,533 (+74%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin19th percentile

Revenue

Up

$249,183

Up $119,008 (+91%) from 2020

Expenses

Up

$299,893

Up $56,271 (+23%) from 2020

Net Income

Up

-$50,710

Up $62,737 (+55%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2017: $10,570Liabilities 2017: $02017Assets 2018: $20,704Liabilities 2018: $02018Assets 2019: $283,322Liabilities 2019: $0Net Assets 2019: $283,3222019Assets 2020: $379,584Liabilities 2020: $209,709Net Assets 2020: $169,8752020Assets 2021: $483,407Liabilities 2021: $364,242Net Assets 2021: $119,1652021Assets 2022: $642,781Liabilities 2022: $327,413Net Assets 2022: $315,3682022Assets 2023: $630,514Liabilities 2023: $345,484Net Assets 2023: $285,0302023Assets 2024: $717,723Liabilities 2024: $197,502Net Assets 2024: $520,2212024Assets 2025: $0Net Assets 2025: $02025

Highlighted filing

2021

Assets$483,407
Liabilities$364,242
Net Assets$119,165
Open 2021 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $22,109Expenses 2017: $11,539Net Income 2017: $10,5702017Revenue 2018: $52,034Expenses 2018: $41,900Net Income 2018: $10,1342018Revenue 2019: $448,522Expenses 2019: $185,904Net Income 2019: $262,6182019Revenue 2020: $130,175Expenses 2020: $243,622Net Income 2020: -$113,4472020Revenue 2021: $249,183Expenses 2021: $299,893Net Income 2021: -$50,7102021Revenue 2022: $566,677Expenses 2022: $370,474Net Income 2022: $196,2032022Revenue 2023: $533,150Expenses 2023: $563,488Net Income 2023: -$30,3382023Revenue 2024: $781,508Expenses 2024: $546,317Net Income 2024: $235,1912024Revenue 2025: $166,574Expenses 2025: $217,141Net Income 2025: -$50,5672025

Highlighted filing

2021

Revenue$249,183
Expenses$299,893
Net Income-$50,710
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 7, 2022
Return Version
2020v4.0
Gross Receipts
$270,654
Mission and Program Overview

Mission

Arrow Creative Inc. seeks to make art more accessible in order to inspire the creative sprit in all Memphians. We strive to be the premier source of creative entrepreneur enrichment,arts, education and art immersion for the entire ommunity.

Our mission is to make art more accessible in order to inspire the creative spirit in all memphians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$253,119$381,398▲ $128,279
Rtn Earn Endowment Incm Other Fnds$169,875$119,165▼ $50,710
Land, Buildings, and Equipment, Net$126,465$102,009▼ $24,456
Total Assets$379,584$483,407▲ $103,823
Liabilities
Unsecured Notes Loans Payable$45,000$197,909▲ $152,909
Mortgage Notes Payable Secured by Investment Property$150,000$149,359▼ $641
Other Liabilities$14,709$16,974▲ $2,265
Total Liabilities$209,709$364,242▲ $154,533
Net Assets / Fund Balance
Total Net Assets Fund Balance$169,875$119,165▼ $50,710
Total Liabilities and Net Assets / Fund Balance$379,584$483,407▲ $103,823

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$102,009$48,405$150,414
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Abigail E PhillipsPresidentPT$33,333$33,333

Board Members and Trustees

NameTitle
Tracy Zerwig FordChairman
Dorothy CollierVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$127,435
Program Service Revenue
$93,899
Investment Income
$101
Other Revenue
$27,748
All Other Contributions
$125,322
Change in Net Assets
$-50,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,630
Salaries, Compensation, and Employee Benefits$36,263
Total Fundraising Expense$3,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$48,732--$48,732
Current Officers, Directors, Trustees, and Key Employees$13,328$16,673$3,332$33,333
Occupancy-$28,232-$28,232
Depreciation Depletion$24,456--$24,456
Office Expenses-$17,360-$17,360
Insurance$8,205--$8,205
Other Expenses$20,531$6,099-$6,099
All Other Expenses-$3,948-$3,948
Payroll Taxes$1,172$1,465$293$2,930
Fees for Services Legal-$2,879-$2,879
Total Functional Expenses$212,768$83,500$3,625$299,893
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,219
Fundraising Direct Expenses$21,471
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$49,219$49,219$21,471$27,748
Total Events$49,219$49,219$21,471$27,748
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan - Ppp$10,330
Sba Advance - Eidl$4,000
Payroll Tax Liability$2,644
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The governing body reviews the form 990 for accuracy and completeness prior to the filing with the internal revenue service/”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial information to the public upon receipt of written requests from the public.”

Filing and Contact Details

Filer

Filer Name
Arrow Creative Inc
EIN
81-3045567
Phone
9013400529
Address
650 NEW YORK ST, MEMPHIS, TN 38104
Doing Business As
Memphis Fashion Design Netowrk

Signing Officer

Name
Abigail E Phillips
Title
President
Phone
9013400529
Signed
2022-01-07

Organization Details

Principal Officer
Abigail E Phillips
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Lucchesi CPA Firm Pllc
Address
6000 POPLAR AVE STE 250, MEMPHIS, TN 38119-3974
Preparer
Paul E Lucchesi Jr
Phone
9016925707
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Arrow creative, inc. Seeks to make art more accessible in order to inspire the creative spirit in all memphians. We strive to be the premier source of creative entrepreneur enrichment, arts, education and art immersion for the entire community.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ARROW CREATIVE, INC. SEEKS TO MAKE ART MORE ACCESSIBLE IN ORDER TO INSPIRE THE CREATIVE SPIRIT IN ALL MEMPHIANS. WE STRIVE TO BE THE PREMIER SOURCE OF CREATIVE ENTREPRENEUR ENRICHMENT, ARTS, EDUCATION AND ART IMMERSION FOR THE ENTIRE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION TO THE PUBLIC UPON RECEIPT OF WRITTEN REQUESTS FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt0127435
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IRS990/TotalGrossUBIAmt00
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ARROWCREATIVE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ABIGAIL E PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09013400529
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARROW CREATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0ARRO
ReturnHeader/Filer/EIN0813045567
ReturnHeader/Filer/PhoneNum09013400529
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 NEW YORK ST
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038104
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUCCHESI CPA FIRM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06000 POPLAR AVE STE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381193974
ReturnHeader/PreparerPersonGrp/PhoneNum09016925707
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL E LUCCHESI JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-01-25T15:47:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ABIGAIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHILLIPS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$483,407
Liabilities
$364,242
Net assets
$119,165
Revenue
$249,183
Expenses
$299,893
Net income
-$50,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$1.67$2.17$0.51
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$1.98$5.20$7.82$5.46$2.35
2023Detailed filing. Detailed filing data is available for this year.$6.31$3.45$2.85$5.33$5.63$0.30
2022Detailed filing. Detailed filing data is available for this year.$6.43$3.27$3.15$5.67$3.70$1.96
2021Detailed filing. Detailed filing data is available for this year.$4.83$3.64$1.19$2.49$3.00$0.51
2020Detailed filing. Detailed filing data is available for this year.$3.80$2.10$1.70$1.30$2.44$1.13
2019Summary only. Only limited summary data is available for this year.$2.83$0.00$2.83$4.49$1.86$2.63
2018Summary only. Only limited summary data is available for this year.$0.21$0.00$0.52$0.42$0.10
2017Summary only. Only limited summary data is available for this year.$0.11$0.00$0.22$0.12$0.11